Currency and Interest Rate Outlook

K KASIKORNTHAI Consolidated Financial Statements ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK 2019 2020 1Q20* 2Q20 3Q20 4Q20 1Q21 2Q21 1H21 Interest income 130,178 127,592 33,779 31,954 31,386 30,473 31,972 33,605 65,577 Interest expenses 27,490 18,570 5,697 4,872 4,131 3,870 3,840 3,888 7,727 Interest income - net 102,688 109,022 28,082 27,082 27,255 26,603 28,133 29,717 57,850 Fee and service income 50,580 45,699 12,335 10,930 10,854 11,580 12,615 11,839 24,454 Fee and service expenses 13,840 12,695 3,485 2,883 3,048 3,278 3,184 3,264 6,448 Fee and service income - net 36,740 33,004 8,850 8,047 7,805 8,302 9,431 8,575 18,007 Gain (Loss) on financial instrument measured at FVTPL 8,119 (300) 4,723 518 3,178 1,812 1,202 3,015 Gain (Loss) on trading and foreign exchange transactions 8,362 Gain (Loss) on investments Net premium earned Total operating income 8,412 1,308 144 205 364 595 116 330 446 80,490 72,129 15,796 18,092 17,887 20,354 16,686 17,264 33,950 241,144 227,456 53,650 59,306 54,677 59,823 57,212 58,206 115,418 Underwriting expenses 80,653 72,565 15,597 18,132 17,923 20,912 17,184 17,351 34,536 Total operating income - net 160,491 154,891 38,053 41,174 36,754 38,911 40,028 40,855 80,882 Total other operating expenses 72,729 69,997 17,481 15,796 16,447 20,272 16,531 17,069 33,600 Expected Credit Loss 43,548 11,872 20,192 10,815 669 8,650 10,807 19,457 Impairment loss of loans and debt securities 34,012 Operating profit before income tax expenses 53,750 41,347 8,699 5,186 9,491 17,970 14,846 12,979 27,825 Income tax expenses 10,309 7,656 1,349 901 2,048 3,358 3,035 2,548 5,583 Net profit attributable: Equity holders of the Bank 38,727 29,487 7,375 2,175 6,679 13,258 10,627 8,894 19,521 Non-controlling interest 4,714 4,203 (25) 2,110 765 1,353 1,184 1,537 2,721 Statements of Financial Position (Bt mn) 2019 Loans to customers (less deferred revenue) Total Assets Deposits Total Liabilities Total Equity attributable to equity holders of the Bank 2020* 1Q20* 2,001,956 2,244,821 2,043,093 2,126,753 3,293,889 3,658,798 3,483,527 3,585,800 2,072,049 2,344,998 2,202,112 2,307,997 2,840,174 3,167,512 3,033,814 3,135,108 406,358 439,670 406,789 402,386 2Q20 3Q20 4Q20 1Q21 2Q21 1H21 2,156,650 2,244,821 2,302,352 2,383,320 2,383,320 3,545,648 3,658,798 3,767,115 3,886,863 3,886,863 2,273,850 2,344,998 2,400,615 2,480,781 2,480,781 3,089,066 3,167,512 3,260,149 3,373,323 3,373,323 408,716 439,670 452,029 456,829 456.829 Note: - KBank acquired additional ordinary shares in MTGH, to hold a 51% stake valued at Bt7,529mn; the MTGH Acquisition was completed on November 30, 2009. As the MTGH acquisition was completed on November 30, 2009, the Bank's consolidated financial statements from 2010 include the performance of companies in the MTGH Group for the whole year. * The Bank restated the 1Q20 financial statements from the reclassification of investment in fund/ REIT to investments in FVOCI to comply with the Federation of Accounting Professions' announcement on 25 June 2020 and reclassification some items which did not impact to total assets, total liabilities and total equity. บริการทุกระดับประทับใจ 69 K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Earnings Before Provision and Tax (EBPT) and Net Profit June 2021 (Consolidated) EBPT Net Profit I 100 (Bt bn) 90.48 (Bt bn) 87.14 87.76 84.90 60 I 38.46 38.73 80 47.28 34.34 40 29.49 60 19.52 40 20 20 0 0 2017 2018 2019 2020 1H21 2017 2018 2019 2020 1H21 1H21 EBPT grew 2.90% YoY, mainly due to higher net interest income from continual loan growth despite lower interest rate. 1H21 net profit increased 104.40% YoY, mainly due to lower expected credit losses and higher EBPT. EBPT (Bt bn) 2017 90.48 EBPT Growth (% YoY) 2018 87.14 87.76 1.05% (3.70%) 0.72% 2019 2020 1H20 1H21 1Q21 2Q21 84.90 45.95 47.28 (3.27%) 6.50% 2.90% 23.50 14.22% 23.79 (6.27%) Net Profit (Bt bn) Net Profit Growth (% YoY) 34.34 (14.53%) 38.46 12.00% 38.73 0.70% 29.49 (23.86%) 9.55 19.52 10.63 8.89 (52.18%) 104.40% 44.10% 308.86% ---- Note: * The Bank restated the 1Q20 financial statements from the reclassification of investment in fund/ REIT to investments in FVOCI to comply with the Federation of Accounting Professions' announcement on 25 June 2020 and reclassification some items which did not impact to total assets, total liabilities and total equity. บริการทุกระดับประทับใจ 70 70

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